BIST shines in November as Türkiye’s most profitable investment instrument
Formerly known as the "Istanbul Stock Exchange (IMKB)," now renamed "Borsa Istanbul (BIST)," it begins trading on Jan. 3, 1986, with 19 stocks. Over the past 34 years, it grows into a major marketplace where 409 stocks, as well as futures contracts, options, and warrants, are traded. (AA Photo)
Borsa Istanbul (BIST) ended its four-month downward trend in November, with the BIST 100 index climbing by 8.9% to 9,652, emerging as the most profitable investment option in Türkiye.
In November, ISMEN, OYAKC, EKGYO, GUBRF, and BERA led the gains within the BIST 100, rising between 23.16% and 26.7%.
A combination of fading concerns over weak third-quarter earnings and recent positive economic indicators helped bolster investor sentiment, with expectations of a rate cut by the central bank serving as a key catalyst.
Top gainers in November 2024
Within the BIST 100 index, the following stocks saw the highest increases this month:
- ISMEN: 40.72 (+26.70%)
- OYAKC: 72.4 (+26.35%)
- EKGYO: 12.66 (+25.72%)
- GUBRF: 249 (+23.33%)
- BERA: 15.9 (+23.16%)
- ASTOR: 94.7 (+21.41%)
- YKBNK: 29.64 (+21.08%)
- RGYAS: 124.9 (+20.79%)
- AKBNK: 60.85 (+20.26%)
- ECILC: 47.62 (+19.83%)
Top losers in November 2024
On the other hand, these BIST 100 companies experienced the largest declines:
- REEDR: 14.78 (-33.12%)
- KARSN: 12.87 (-16.59%)
- ADEL: 35.16 (-14.12%)
- ULKER: 112.1 (-10.75%)
- ALTNY: 91.1 (-7.04%)
- BRSAN: 452.75 (-6.79%)
- ALFAS: 50.45 (-6.49%)
- PGSUS: 217.8 (-5.96%)
- BJKAS: 4.56 (-5.79%)
- KLSER: 33.86 (-5.47%)
